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The authors recommend that the G20 target innovative green-technology SMEs as an opportunity to promote financial de-risking while addressing Paris Agreement commitments and UN Sustainable Development Goals. This should be achieved by creating signals for private investors through: (1) a reporting system that can help monitor the scale-up of green-technology SMEs; (2) the use of public funds to signal innovative green-technology SMEs to investors; and (3) the inclusion of SMEs in the design of green finance platforms. By implementing these recommendations, the G20 will ensure that innovative, low-carbon SMEs become attractive, low(er)-risk investment opportunities for the private sector.(Published as Global Solutions Paper) JEL O31 Q55 Q58 E60

The comparison of the automobile industry in China and India allows us to shed light on the economic processes of emergence at large. There is a stark contrast in the capacities of autonomisation and endogenisation of the sector in the two countries. This contrast serves as an analyser of the relationships between the modes of sector opening and the paths of technological catching-up that is at the core of the phenomenon of emergence.